Tags: OPEC El-Badri Sees Crude Price Staying Above 100 in 2011

OPEC’s El-Badri Sees Crude Price Staying Above $100 in 2011

Tuesday, 19 Apr 2011 09:22 AM

OPEC Secretary-General Abdalla el-Badri said he expects crude prices to remain above $100 a barrel for the rest of 2011 and blamed speculation for playing “a very important role” in oil markets.

Global markets are “very comfortable,” with ample supplies, he told a news conference today in Tehran.

Current crude inventories are sufficient to meet demand for 58 days, or five days above average, el-Badri said.

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OPEC Secretary-General Abdalla el-Badri said he expects crude prices to remain above $100 a barrel for the rest of 2011 and blamed speculation for playing a very important role in oil markets.Global markets are very comfortable, with ample supplies, he told a news...
OPEC El-Badri Sees Crude Price Staying Above 100 in 2011
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2011-22-19
Tuesday, 19 Apr 2011 09:22 AM
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